Rhapsody Also Acquires Schematic Labs, SoundTracking Music App

UPDATED: Music discovery and sharing took center stage at Rhapsody earlier today with the acquisiton of Ex.fm. Now cones word that the music streamer has also aquried Schematic Labs, the creators of "Instagram For Songs" app Soundtracking. No details of the aqusition were released but Schematic has rasied close to $6 million from Accel Partners, SoftBank Capital and True Ventures.

From Schematic:

"...We started SoundTracking with the simple goal of allowing people to express themselves through music. We’ve accomplished that and more, and now as part of Rhapsody, we are in an even better position to scale and innovate to a broader global audience.

Rest assured we will continue to offer the ability to share the soundtrack to your life. Meanwhile, we’re already busy cooking up exciting new features to take advantage of Rhapsody’s 30-million track global streaming catalog, so stay tuned for future exciting integration opportunities of SoundTracking within Rhapsody!"

From Rhapsody: “It’s true -- the Schematic Labs team has joined Rhapsody. With Soundtracking, they created an entirely new way for people to express themselves by sharing their musical moments. We’re excited to incorporate that creativity and community focus within Rhapsody’s suite of music services.”